| Popis: |
This paper examined the relationship between stock market development and performance of the Nigerian economy. The analysis scope covered a period of 10 years spanning from 2010-2020. The analytic procedure for the information was econometric. The estimation techniques used are co-integration, Granger Causality and Error Correction to check whether the exchange indices have impacted on the macroeconomic performance of Nigeria. The result showed that the constant parameter is negatively or inversely associated with LGDP. The coefficient of the constant parameter (B0) is –15038.18. This suggests that if all the explanatory variables are held constant, LGDP which is that the explained variable will increase by 15038.18 units. Conclusively, all variables might not have been reasons enough for a change in the Gross domestic product level, but the fact still remains that there is an affinity between them. The study recommends that the central bank of Nigeria (CBN) being the monetary authority should plan and implement policies that bring about an increase flow of investment funds and improves the extent of capitalisation to the economy. |
